How much does the government invest in SOEs and other institutions?

Economics & Macro

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31/08/2017 07:17 WIB

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Government Investment in SOEs and Other Institutions/Agencies 2013-2017

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Government Investment in SOEs and Other Institutions/Agencies 2013-2017

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In the 2018 State Budget, government investment in State-Owned Enterprises (SOEs) and other institutions/agencies in 2017 was only Rp 9.6 trillion, representing an 84.34 percent decrease from the previous year. This amount comprised Rp 6.4 trillion invested in SOEs and Rp 3.2 trillion in other institutions.

At the start of President Joko Widodo and Vice President Jusuf Kalla's administration, government investment in SOEs in 2015 surged by more than 2,050 percent to Rp 64.5 trillion from the previous year. Similarly, investment in other agencies also increased by more than 600 percent to Rp 7.1 trillion.

The increase in government investment financing in 2015 and 2016 was significant due to government policy allocating investments to SOEs. The aim was to enable SOEs, as development agents, to actively support national priority programs (Nawacita). These priority programs included food sovereignty programs, infrastructure and maritime development, energy sovereignty, the development of strategic industries, and national economic independence.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."